Box Filing for IPO?: 5 Fast Facts You Need to Know

Reports have surfaced that cloud file sharing service Box has filed for an IPO. Box CEO Aaron Levie, pictured above, is keeping mum for now, but there are some facts that have emerged about this developing story.

1. Box May Have Filed a ‘Secret’ IPO

Mashable reports that, like Twitter before it, Box has likely filed a “secret” IPO. What makes it secret? Business Insider explains that a secret, or confidential IPO, can only be used by a company earning less than $1 billion in revenue. Under this “secret” IPO, a company does not have to share their financials with the public until 21 days before it starts to court investors on its “roadshow.”

2. Box Could Go Public Before Dropbox

Quartz has indicated that Box could go public before their biggest rival, Dropbox. Box CEO Aaron Levie addresses rumors about going public in the Bloomberg video above.

Tucker Cummingsis Heavy's Senior Shopping Editor. She's obsessed with finding the best deals, and firmly believes that paying full price is for suckers. She's also written for money-saving sites like DealNews and LivingSocial. January 31, 2014 9:31 am